APAC REIT Daily: Activia shares jump on commitment line renewal

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Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Wednesday, 10 June 2020.


The Tokyo Stock Exchange REIT Index finished 0.16% higher at 1,761.42, in line with the Nikkei 225 Index, which rose 0.15% to 23,124.95.

Activia Properties Inc. (3279) renewed its JPY 12bn commitment line agreement with Sumitomo Mitsui Trust Bank, Mizuho Bank and MUFG Bank, according to a statement. Shares in Activia closed 1.56% higher at JPY 423,000. 

Japan Retail Fund Investment Corp. (8953) stocks rose 2.37% to JPY 164,400 in one of the biggest gains of the day, while CRE Logistics REIT Inc. (3487) sank 2.36% to JPY 140,700.


A-REIT shares retreated, with the S&P/ASX 200 A-REIT Index down 2.49% to 1,318 after yesterday’s surge. The S&P/ASX 200 Index edged 0.06% higher to 6,148.40.

Shares in Carindale Property Trust (CDP) soared 7.24% to A$4.15, while Centuria Industrial REIT (CIP) jumped 4.30% to A$3.15. 

Vicinity Centres (VCX) stocks slipped 5.42% to A$1.74, and Stockland (SGP) dipped 4.40% to A$3.91.


The FTSE ST Real Estate Investment Trusts Index grew 0.82% to 871.99, while the Straits Times Index climbed 0.23% higher to 2,800.57.

Mapletree North Asia Commercial Trust (RW0U) shares surged 4.57% to S$1.03, and OUE Commercial REIT (TS0U) jumped 3.61% to S$0.43. Ascendas India Trust (CY6U) stocks slipped 1.32% to S$1.49.

Hong Kong 

The Hang Seng REIT Index closed 0.57% lower at 5,853.28, while the Hang Seng Index finished flat, down just 0.03% at 25,049.73.

Among the biggest price moves of the day were Spring REIT (1426) shares, which climbed 1.19% to HK$2.56, and Sunlight REIT (435) stocks, which sank 2.48% to HK$3.94.

Other markets

In Malaysia, Sunway REIT (5176) stocks gained 1.82% to RM 1.68, while Al-Aqar Healthcare REIT (5116) finished trading 2.14% lower at RM 1.37.

In New Zealand, Goodman Property Trust (GMT) shares dipped 2.69% to NZ$2.17, while Investore Property Ltd (IPL) gained 0.54% to NZ$1.85.